inflation

COMMENTARY

What is the Fed taper? An economist explains how the Federal Reserve withdraws stimulus

BY: - December 22, 2021

By Edouard Wemy, Clark University Tapering refers to the Federal Reserve policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic. The unconventional monetary policy of buying assets is commonly known as quantitative easing. The Fed first adopted this policy during the […]

COMMENTARY

Why is inflation so high? Is it bad? An economist answers 3 questions about soaring consumer prices

BY: - December 13, 2021

By William Hauk, University of South Carolina Consumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982, according to Bureau of Labor Statistics data published on Dec. 10, 2021. The biggest jumps during the month were in energy, used cars and clothing. The Conversation U.S. asked […]

COMMENTARY

Why are prices so high? Blame the supply chain, and that’s the reason inflation is here to stay

BY: - November 12, 2021

Consumer prices soared in October 2021 and are now up 6.2% from a year earlier – higher than most economists’ estimates and the fastest increase in more than three decades. At this point, that may be no surprise to most Americans, who are seeing higher prices while shopping for shoes and steaks, dining at restaurants […]

COMMENTARY

Ohio’s coming minimum wage increase still falls far below 1968 state and national peak

BY: - December 5, 2019

Everyone who works full time deserves to make enough money to cover the basics. In Ohio, too many people work hard — sometimes in more than one job — but still live in poverty. Because Ohio voters took action, at least those earning the minimum wage won’t get a pay cut from inflation in 2020.  […]